Cofer Timothy P. 4

What Happened

• Timothy P. Cofer, CEO & President and Director of Keurig Dr Pepper (KDP), reported the conversion/vesting of RSU awards and related share movements in early March 2026. The filing shows RSU awards reported on March 4, 2026 (168,861 and 225,148 RSUs) and conversion/exercise activity on March 5, 2026.
• Specifically, the report shows exercise/conversion entries for 30,969 shares (reported both as acquired and disposed at $0.00, per the filing) and a tax-withholding disposition of 12,187 shares at $28.05 per share, totaling $341,845. The RSUs convert one-for-one into common stock under the company’s Omnibus Stock Incentive Plan.

Key Details

• Transaction dates: March 4, 2026 (RSU awards reported); March 5, 2026 (exercise/conversion and tax withholding).
• Reported share counts: awards of 168,861 and 225,148 RSUs; exercise/conversion of 30,969 shares; 12,187 shares withheld to satisfy tax obligations.
• Prices/values: tax withholding executed at $28.05/share (12,187 × $28.05 = $341,845). RSU conversions/exercises reported at $0.00 per share (standard for one-for-one RSU-to-stock conversion).
• Codes explained: A = award/grant (RSUs); M = exercise/conversion of derivative; F = shares withheld/used to pay taxes.
• Vesting/footnotes: RSUs are one-for-one convertible and are subject to vesting schedules (various multi-year installment schedules noted in the filing). Some RSUs converted into common stock pursuant to the 2019 Omnibus Stock Incentive Plan.
• Filing timeliness: Reported on March 6, 2026 for transactions occurring March 4–5, 2026; no late-filing flag was indicated in the disclosure.

Context

• This activity appears to be vesting/conversion of RSUs with shares withheld to cover tax liabilities (a common administrative step), not an open-market sale for investment purposes. The reported disposals for tax withholding total ~12.2k shares ($341.8k); the other reported M entries at $0 likely reflect internal conversion/settlement mechanics rather than a market sale.
• For retail investors: such RSU vesting and tax-withholding transactions are routine for executives and do not necessarily signal a change in insider sentiment.